Scor 9-month net flat; growth steady in key lines

RobertDaniel

TEL AVIV (MarketWatch) -- Scor SA,
SCRYY, -1.18%SCR, -1.20%
the Paris insurer, reported that profit for the nine months was about flat at 278 million euros ($409.1 million) compared with 280 million in the year-earlier quarter. Earnings per share were 1.55 euros versus 1.56. Gross written premiums for property-casualty and life insurance rose 13% to 4.88 billion euros. The results reflect "steady growth" in life and other insurance businesses, Scor said. Investment income fell 27% to 325 million euros, "driven mainly by a cautious asset-management strategy," the company said in a statement on Wednesday.

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